Is Salt Lake City, UT 84107 a buyer’s or seller’s market?

The Salt Lake City housing market right now

In the three months ending August 31, 2026, 11% of homes in Salt Lake City, UT 84107 sold above their list price, the typical home went under contract in 38 days and there were 5.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 84 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (12% then), homes sold more slowly (31 days then) and the median sale price rose 5% to $496,785. Overall, Salt Lake City is less competitive than a year ago, which gives buyers more room.

Within Salt Lake County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell less often over asking than in 89%. On our competition score, Salt Lake City ranks #73 of 110 UT ZIP codes with enough sales (score 35 out of 100).

Nearby, buyers who want less competition could look at Bingham Canyon 84006 (0% sold over asking) or Salt Lake City 84111 (4% sold over asking), while Salt Lake City 84118 (33% sold over asking) and West Valley City 84120 (33% sold over asking) are even more competitive.